The Spruce Lodge Bed and Breakfast for Sale

The Spruce Lodge Bed and Breakfast for Sale in South Fork, Colorado - 1

Property Address: 29431 US Hwy 160
South Fork, Colorado 81154
Contact: Dee Plucinski, Owner AND listing agent
Steffens & Company Realty
30635 US Hwy 160
South Fork, Colorado 81154
Contact Email: dee@steffenscorealty.com
Contact Telephone: 719-873-5605
Contact Toll-free: n/a
Contact Fax: n/a
Property URL: https://sprucelodges.com/
Date Business Established: 6/20/1926
Trade Association Affiliations: n/a
Financials Verified: Yes

Area Description: Located in the high mountains of Southern Colorado, this historic, mountain ski lodge is within minutes of world-class skiing and snowboarding, and is surrounded by over 500 miles of snowmobile, Jeep, ATV and hiking trails. This property overlooks the 4th hole of the nationally acclaimed Rio Grande Club golf course, and is near some of the best fly-fishing waters in the world. South Fork is a mountain recreation PARADISE with over 340 days of sunshine per year.

Site Description: The historic Spruce Lodge is located between US Hwy 160 and the Rio Grande Golf Course/Rio Grande river in South Central Colorado at 8,200 feet above sea level. It has incredibly highway access and visibility, but doesn’t FEEL like it’s right on the highway. There is a full service restaurant and bar right next door.

Structural Description: 15 bedrooms and 15 bathrooms PLUS a three bedroom, one bath owner’s quarters with private entrance, private yard, and private laundry. The Spruce Lodge is listed on the National and State registers of historic places. The main lodge is completely constructed of log and is in great condition. It has been fully renovated including new plumbing and new electrical. The restaurant/commercial kitchen is fully up to code including indirect plumbing and an in-ground grease interceptor. The property has a well and is connected to city sewer.

Offering: $1,500,000 — Owner financing of up to 20% is possible with a well qualified buyer and a full-price offer. 15 years of solid financials from the current owners including a current 7.3% cap rate and a Gross Rent Multiplier of 3.2.

The business is open and fully operational. There are future reservations on the books and everything you need is here and ready to go. Please contact Dee at 719-873-5605. She is both the property owner AND the listing agent. A non-disclosure/non compete agreement is required before receipt of financials.

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  • Occupancy: n/a
  • Average Daily Rate: n/a
  • Income from Room Sales: n/a
  • Property Taxes: n/a
  • Electric: n/a
  • Water & Sewer: n/a
  • Gas: n/a
  • Insurance: n/a

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